Further to the VSE notice dated June 2,
1986, the exchange has been advised that
720,883 C warrants have been issued pursuant
to the rights offering. The gross proceeds
to the company for the rights offering
totalled $360,416.50.
Effective at the opening, August 5, 1986,
the C warrants of the company will be posted
and called for trading on the VSE. The
company is, under the rules of the exchange,
a development company.